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The Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, said the Islamic finance segment of the financial industry reached an estimated $2.9 billion as at the end of 2022 with outstanding Sukuk accounting for 57 per cent of the amount.
The Securities and Exchange Commission (SEC) has unveiled plans to create a new e-dividend portal that would help simplify the process of mandating accounts in the capital market.
The Securities and Exchange Commission (SEC) has said the value of state bonds issued and registered by the commission from 1978 to 2022 has risen from N20 million to N1.13 trillion in the debt capital market.
Shareholders have lamented the rising unclaimed dividends in the capital market currently put at N190 billion, stating that unless the parties involved in the processing of the claims adopt robust technology infrastructure that would enable investors to process their unclaimed dividend at the comfort of their homes, the menace may not be eliminated in the capital market.
Chairman of the Bank Directors Association of Nigeria (BDAN) and Chairman of Fidelity Bank Plc, Mustafa Chike-Obi, has advised bankers to assist the current administration in achieving its goals and objectives towards building a better Nigeria. Chike-Obi also charged bankers to adopt financial technology, artificial intelligence (AI), while staying up to date with information on…
The Securities and Exchange Commission (SEC) announced that the unclaimed dividend figure has risen to N190 billion from N170 billion recorded as at December 2020.
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr Lamido Yuguda, the Director-General of SEC, said this at the second post-Capital Market Committee (CMC) media briefing in Abuja on Friday. He said the figure increased due to issues concerning identity management…
The West African Capital Markets Integration (WACMI), has announced a minimum capital standard of $500,000 for broker/dealers that intends to trade across the West African region.
NGX Regulation Limited (NGX RegCo) has restated its commitment to ensure that the nation’s capital market remains fair, transparent and orderly, thriving on timely information.
The Securities and Exchange Commission (SEC) said it is partnering the Standard Organisation of Nigeria (SON) to develop standards that would make the nation's agricultural commodities more acceptable in the international market and generate foreign exchange (forex).
With the assumption of office of President Bola Ahmed Tinubu, the Securities and Exchange Commission (SEC) has assured stakeholders of the readiness of the capital market to aid infrastructure development.
The Securities and Exchange Commission (SEC) said the capital market, which is considered the catalyst for economic growth, must be sustained by an effective and efficient dispute resolution mechanism to engender investors’ confidence